CAPM (Certified Associate in Project Management) Practice Exam

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Prepare for the CAPM (Certified Associate in Project Management) exam with our informative quiz. Test your knowledge through multiple-choice questions and detailed explanations to boost your confidence and readiness for the certification.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What is the purpose of earned value management?

To exclusively track the costs of a project
Used to monitor the progress of a project and is an analytical technique
To determine the profitability of a project
To track the number of resources used in a project

The correct answer is: Used to monitor the progress of a project and is an analytical technique

Earned Value Management (EVM) is a widely-used project management technique that integrates the scope, schedule, and cost of a project. The primary purpose of EVM is to monitor the progress of a project by comparing the actual work completed to the planned work and the actual costs incurred to the planned costs. It provides project managers with a comprehensive view of project performance, allowing them to identify variances early and take corrective actions to keep the project on track. Thus, choice B is the correct answer as it accurately reflects the purpose of earned value management.